If you become a fiscal resident of Spain you have to inform the tax authorities on three different categories of goods and rights located abroad:
- accounts in financial institutions located abroad
- securities, rights, insurance and income deposited, managed or obtained abroad
- real estate and rights to real estate located abroad
This obligation must be fulfilled using the form 720 between January 1 and March.
There is no obligation to report on each of the categories of goods when the value
of the set of goods corresponding to each category does not exceed 50,000 euros.
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